Carlyle sees 6x return on China Pacific Insurer stake sale
US buyout giant The Carlyle Group has sold $860 million worth of shares, equal to a 2.5% stake, in China Pacific Insurance, the third-largest insurer in China.
China Pacific debuted on the Hong Kong Stock Exchange in December 2009, raising approximately $2 billion. After the IPO, Carlyle was tied in a one year lock-up period, and now the US firm is said to have...
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